Silver .999 rose by Rs 30 to Rs 7,755 per kg. Silver .916 in the ready section was shot up by Rs 60 to Rs 7,635 per kg. Renewed industrial and speculative buying attributed to the rise while tight supplies, shortage of ready stock and uptrend in global prices kept offerings restricted. Delhi was firm and in the global market the white metal climbed from $4.98 to $5.24 per ounce.

Standard gold finished steady at Rs 4,080 per 10 gm. so was gold .22 carat at Rs 3,775 per 10 gm. Prices of gold biscuit (116.50 gm.) however rose by Rs 50 to Rs 47,900 per piece amidst tight supplies. Physical demand for gold was at a low ebb and volume of trading was limited. In the international market gold slid by 10 cents to $259.35 per ounce.

G'nut oil maintains

Groundnut oil maintained on the oil,oilseeds market here today. Castorseed and its oil were firm in the ready delivery and prices suffered losses in theforward market.

Groundnut oil remained unchanged at Rs 363 per 10 kg. Thin buying interest followed by tight supplies kept prices in a narrow range during the day. In Rajkot prices remained unchanged at Rs 585/590 per 15 kg.

Imported palm oil edged up by Rs 2 to Rs 233 per 10 kg on higher global advices coupled with uptrend in dollar value against rupee. In the overseas market palm oil advanced from $397.50 to $402.50 per tonne for nearby delivery and at $400/497.50 per long delivery, it was learnt.

Castor oil moved up by Rs 3 to Rs 378/390 per 10 kg on fresh overseas enquiries. Castorseed ready were shot up by Rs 15 to Rs 1734/1740 per quintal in sympathy. In the futures section castorseed September delivery reacted from Rs 1767 to Rs 1755 per quintal as weak Gujarat advices triggered light bull unloading. June delivery remained untraded.

In Ahmedabad September delivery declined from Rs 1,770 to Rs 1,762.50 and in Gujarat castorseed spot delivery placed at Rs 343 per 20 kg while castor oil finishedat Rs 365 per 10 kg.

In the international castor oil future market here, August and October deliveries edged up by a rupee to Rs 393 and Rs 399 per 10 kg respectively.

Cotton unchanged

A steady condition continued on the cotton market. Mill demand was modest.V-797 were placed at Rs 13,000-13,400 a candy spot. Wagad were placed at Rs 12,400-12,500 and Kalan-ginned at Rs 12,000.

Sanker average were placed at Rs 15,500-17,000, medium at Rs 17,500-19,500 and superior at Rs 20,000-21,000.

Meanwhile, there were reports of good rains in all the centres.

Milling wheat gains

Milling wheat price netted fresh gains on the grains market. Elsewhere, a quietly steady condition prevailed.

Milling wheat price looked up by Rs 5 a quintal afresh at Rs 721-725 on sustained buying inquiries. Wheat north Gujarat Sonaklyan ruled at Rs 735-750, 496 at Rs 775-800, MP 147 at Rs 750-850 and Sarbati in the range of Rs 900-1400.

Rice SLO were on offer at Rs 1050-1150. Perimal average were quoted at Rs900-1100 while superior were transacted in the range of Rs 1200-1500.

Among pulses, green peas USA Rumba/Heart were placed at Rs 1275-1300, Canadian at Rs 800-900 and white peas Canadian at Rs 901. Tur Myanmar were mentioned at Rs 1825-1875. Moong Myanmar were on offer at Rs 1500-1675 and Chinese at Rs 1725-1825. Urad Myanmar were traded at Rs 1675-1700.

Sugar ends lower

An easy condition continued on the sugar market as demand remained on a low side.

Price was placed lower, genereally, by Rs 3 to 5 a quintal. M-30 ruled at Rs 1437-1515 and S-30 at Rs 1425-1460 ex-godown. Ex-octroi checkpost, the price ruled at Rs 1430-1440 and at Rs 1412-1425 respectively.

In tenders, M-30 were indicated at Rs 1380-1390 and S-30 at Rs 1365-1370 in Kolhapur line.

Imported sugar also shed Rs 5 as white Thai was on offer at Rs 1300-1310 ex-Kandla and yellow Brazillian ex-godown at Rs 1225 exclusive of sales tax.

Delhi

Most of the non-ferrous metals were seen easy following poor demand fromconsumption millers. Cadmium, aluminium wire bar, sheet cutting and bell metal scrap fell by Rs 1-2 at Rs 34-36, Rs 81, Rs 70 and Rs 138 per kg.

Lead ingot desi soft and hard, aluminium utensils and wire scrap also shed 25-50 paise per kg. On the other hand, nickel plate, edged up by Rs 2-3 per kg on the back of electroplating units buoyant demand coupled with high LME advices.Other non-ferrous metals continued to lack in demand and traded subdued.

Yarn steady

Trading continued to be a tame affair on the yarn markt. Prices of rayons and nylons hovered around the previous day's levels.